Plato City Unlock

Alpha and insights: long read on this page

Background: Mental Model of Plato City Expansion to Blockchain Protocol Growth

Similar to how a new Layer 1 (L1) protocol expands its network, Plato's innovative IRL City Expansion adopts a community-led and decentralized approach. In the context of an L1 protocol, a city is analogous to a node. To incentivize the growth of nodes, L1 protocols offer rewards to node runners for the work they perform in maintaining the network.

In a similar vein, Plato incentivizes its Plato Pioneers in each city to actively participate in the platform. Plato Pioneers check in at participating IRL restaurants and capture receipts as proof of purchase, thereby contributing to the work of the Plato protocol. In return, users are rewarded with cashback in the form of DINE Dollars. This reward system is akin to the BTC / ETH earned by node runners in L1 protocols, recognizing the value of the work performed by Plato users.

For Local Community, By Local Community

Through its unique IRL City Expansion, Plato fosters a sense of community, encourages engagement, and drives real-world adoption of its platform. As a Plato Pioneer increases involvement and value contribution, Plato Deputy Major and Plato Governor roles will be granted so the Plato Local City Community will evolve into Plato City DAO.

This DAO will be governed by the community, allowing Plato citizens to have a direct say in the development and direction of the platform for their city. The Plato Local City DAO will be a testament to Plato's commitment to decentralization and community empowerment.